...NYSE VS. NASDAQ By: Lavoy Freeman Financial Management Individual Project 1 Many people may make millions or lose everything they have by buying and selling stocks on exchange markets. The two most familiar exchanges are NYSE and NASDAQ. The New York Stock Exchange is a Euro-American national security exchange that operates multiple security exchanges. It maintains a leading position in global exchange products market. In 2011, NYSE-Euronext led the market in Exchange Traded Products with more than 450 new ETN listed. The market’s impressive growth has been a success from their rests of structuring nearly 85% of their leading venue for Exchange Traded Funds, Exchange Traded Notes, Exchange Traded Vehicles, and Warrant and Certificate trading. The product offering of the marketplace gives investors access of regulated listings as well as fast and innovative tools to quickly convert assets to cash. The trade of equities, futures, options, fixed-income and exchange-traded products comes from the company’s exchanges in Europe and the United States. NYSE Liffe is a derivative business operated by NYSE-Euronext, which offers comprehensive commercial technology along with connectivity, market data products and services. (NYSE-Euronext) NASADAQ is known as an American stock exchange market, which originally stands for National Association of Securities Dealers Automated Quotations. Other than NYSE, NASDAQ is the second-largest stock exchange by market capitalization...
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...March 14, 2016 Mrs. Susan A. Smith 5619 Bordley Houston, Texas 77056 Mrs. Amy A. Strunk 32230 Mayer Road Waller, Texas 77484 RSM US LLP constantly strives to pursue client advocacy with professional integrity. As advocates for our clients, we have a responsibility to diligently seek to advance our clients’ positions, as long as those positions and our efforts are consistent with standards set by law and other applicable professional standards. Part of our responsibility to you is to fully disclose any situation that may affect our ability to adequately represent you. We have been engaged by Mrs. Susan A. Smith to review, advise and consult on the various tax aspects of different reorganization options regarding her ownership in KSA Industries, Inc. and its underlying investments including its investment in the Tennessee Titans. It is possible that our advice could be more or less beneficial from a tax perspective to one shareholder vs another shareholder. After carefully considering all the facts and circumstances, we believe that our firm can continue to represent all the affected parties in accordance with our professional responsibilities and the terms of our arrangement letter(s). We wish to make you aware of certain considerations relating to this representation and rules governing tax practitioners require that we obtain a signed waiver of any potential conflict of interest that may arise as a result of our representation described above. Please carefully...
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...Micro Chip - Annual Growth Shavonne Hayes American Intercontinental University 8/2/2015 Abstract This paper is an investigation into Micro Chip Computer Corporation and their historical and future sales growth. We will look at selected financial data and Consolidated Statements of Operations for the period September 26, 2007 through September 25, 2008 to extract specific data regarding their growth. Micro Chip - Annual Growth Determine the year-to-year percentage annual growth in total net sales. See table 1 below. Table 1 Using the financial data provided for Micro Chip Corporation the rate of growth from 2004 to 2005 was 7.87%, the growth rate in 2006 was -23.06%, in 2007 the growth rate was -33.12% and in 2008 the growth rate was 35.71%. There is a significant decline in 2006 and 2007 with an impressive rebound in 2008. To determine the percentage of annual growth per year the previous year’s sales amount is subtracted from the current year’s sales amount and the sum is multiplied by 100 and then divided by the previous year’s sales amount. See table 2 below. Table 2 Year | Sales | Growth rate calculation | Growth % | 2004 | $ 11,062.00 | | 2005 | $ 11,933.00 | (11933-11062)*100/11062 | 7.88% | 2006 | $ 9,181.00 | (9181-11933)*100/11933 | -23.06% | 2007 | $ 6,141.00 | (6141-9181)*100/9181 | -33.12% | 2008 | $ 8,334.00 | (8334-6141)*100/6141 | 35.71% | Based only on your answers to question #1, do you think the...
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...Financial data is also analyzed to allow internal and external comparison of the past and present performances to weigh future decisions on profitability potential against uncertainty and or risk. The financial data provided by Micro Chip Computer Corporation will be analysis to weigh past performances and determine future profitability. Financial Data Chart, Calculations, and Analysis In determining Micro Chip’s year-to-year percentage annual growth total net sales per fiscal period, we utilized the equation: (Next Year’s Net Sales – Last Year’s Net Sales) / Last Year’s Net Sales * 100. MICRO CHIP COMPUTER CORPORATION'S FINANCIAL DATA ANALYSIS | Fiscal Yrs. | FY2008 | FY2007 | FY2006 | FY2005 | FY2004 | Net Sales average | Net sales | $8,334 | $6,141 | $9,181 | $11,933 | $11,062 | $9,332 | Growth/Decline (rounded) | 36% | -33% | -23% | 8% | ---- | | Calculations: (2008 net sales of $8,334 - $6,141 of 2007 net sales) = $2,193/$6,141*100 = .357 or 36% growth in this operating period; 6,141 - 9,181/9,181 = -.3311 or -33% 2007-2006 depicts a decline in net sales; 9,181 - 11,933/11,933 = -.230 or -23% 2006-2005 also showed net sales declined; and 11,933 - 11,062/11,062 = .078 or 8% growth for 2005-2004 operating period. To calculate Micro Chip’s 10% growth projection for 2009, we use the profit forecast method: multiplying current 2008 net sales $8,334*1.10 = $9,167 profit projection for FY2009. Based on generated net sales between...
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...Intel Final Paper MGMT 480- Frankforter Executive Summary As the world’s “foremost semiconductor maker,” Intel Corporation has a reputation to uphold and a future to build. Founded in 1968, Intel has grown to a company of over 90,000 employees who operate Intel’s facilities in nearly fifty countries. Intel produces processors, motherboards, chipsets, network adapters, flash memory, software, storage devices, and wireless products. Many of us are the end-users of a wide variety of Intel’s products, but the Intel’s numerous other customers are primarily OEM manufacturers who utilize Intel’s components, end-user consumers (which includes individuals, large and small businesses, and service providers), and “other manufacturers, including makers of a wide range of industrial and communications equipment.” Intel has capitalized on its ability to lead the semiconductor industry by continuous innovation. Gordon Moore, one of Intel’s founders, introduced a principle that continues to guide Intel which states that “the number of transistors on a chip roughly doubles every two years.” In keeping with Moore’s Law, Intel’s key to success in the semiconductor industry has been constant innovation. Such a strategy has allowed Intel to remain a leader among competitors such as Texas Instruments, Advanced Micro Devices, International Business Machines, and Freescale Semiconductor, among others. The semiconductor industry is extremely competitive, but...
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........Page 7 The generic business level strategy Intel pursues today……………………….Page 8 The corporate level strategy Intel pursues today……………………………..Page 9 Intel when into a strategic alliance with Microsoft, explain what possible competitive.Advantages or disadvantage could Intel gain from this relationship…Page 10 Project Future Trends…………………………………………………….Page 13 Introduction In 1968, Intel Corporation was originated by Robert Noyce and Gordon Moore. Both of them were engineers with outstanding reputations in the field of incorporated course. They had no difficulty in getting venture funding to start up Intel. Intel announced the 4004 microprocessor in the year 1971 and in next year they increased the number to 8008. Intel had employed nearly 25,000 employees in the year 1984, but the business of their memory chip was throbbing because of the competition from Japan. In the year 2000, Intel had incorporated 70,000 employees in the year 2000. Intel appointed Craig Barrett as the Chief executive, is looking for ways to expand beyond processors, into chips and products for networking and communications. Company appointed Grove as a wandering Intel promoter whereas day-to-day operations are handled by Barrett. (Tim, 1997) Intel creates an amazing increase in technology every day. Intel is the world’s largest leader in silicon innovation. It develops technologies, products, and initiatives to...
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...Micro Chip Computer Corporation Consolidated Statements of Operations For the period September 26, 2007 through September 25, 2008 Sales Sales $8,334.00 Cost of Sales $5,458.00 Gross Margin $2,876.00 Operating expenses: R & D $525.00 Selling, General, and Administrative $691.00 In-process R & D --------- Restructuring costs --------- Total Operating Exp $1,216.00 Operating income $1,660.00 Total interest and other Income net $194.00 Income before provision for Income taxes $1,854.00 Provision for income Taxes (15%) $278.10 Net income $1,575.90 Answer questions 1 and 2 below based on the financial data. 1. Determine the year-to-year percentage annual growth in total net sales. 2. Based only on your answers to question #1, do you think the company will hit its sales goal of +10% annual revenue growth in 2009? Determine the target revenue figure, and explain why you do or do not feel that the company can hit this target. 1. Determine the year-to-year percentage annual growth in total net sales. |Micro Chip Computer Corporation | |Fiscal Years |2008 |2007 |2006 |2005 |2004 | |Net Sales |$8,334 |$6,141 |$9,181 |$11,933 |$11,062 | |% Change ...
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...Intel Corporation is an American multinational corporation headquartered in Santa Clara, California. Intel is one of the world's largest and highest valued semiconductor chip makers, based on revenue.[4] It is the inventor of the x86 series of microprocessors, the processors found in most personal computers. Intel Corporation, founded on July 18, 1968, is a portmanteau of Integrated Electronics (the fact that "intel" is the term for intelligence information also made the name appropriate). Intel also makes motherboardchipsets, network interface controllers and integrated circuits, flash memory, graphic chips, embedded processors and other devices related to communications and computing. Founded by semiconductor pioneersRobert Noyce and Gordon Moore and widely associated with the executive leadership and vision of Andrew Grove, Intel combines advanced chip design capability with a leading-edge manufacturing capability. Though Intel was originally known primarily to engineers and technologists, its "Intel Inside" advertising campaign of the 1990s made it a household name, along with its Pentium processors. Intel was an early developer of SRAM and DRAM memory chips, and this represented the majority of its business until 1981. Although Intel created the world's first commercial microprocessor chip in 1971, it was not until the success of the personal computer (PC) that this became its primary business. During the 1990s, Intel invested heavily in new microprocessor designs fostering...
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...FINANCIAL DATA P2 PART 1 In determining the year to year percentage of the annual growth in total net sales for Micro Chip Computer Corporation I decide to use the formula that I used is as followed I used the Percentage Sales Method and a 20 % increased with the sales to be able continue with the problem: 2004 $11,062 I will use this number along with 2005 2005 $11,933 (11,933-11,062) * (100/11,062) 71*100= 87,100/11,062= 7.87% 2006 $ 9,181 (9,181-11,933) * (100/11,933) -2,752*100= -275,200/11,933= -23.06% 2007 $ 6,141 (6,141- 9,181) *(100/ 9,181) -3,040*100= -304,000/6141= -49.50% 2008 $ 8,334 (8,334-6,141) * (100/6,141) 2,193*100= 219,300/6141= 35.71% 2009 $ 9,167 (9167-8,334) * (100/8,334) 833*100= 83,300/8334= 9.99%~10% Below I have added what the 2009 year will look like when all the numbers are plugged in used Microsoft Excel. FINANCIAL DATA P3 Micro Chip Computer Corporation Selected Financial Data with 2009 | | | | | | | Fiscal Years | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | Net Sales | 11062 | 11933 | 9181 | 6141 | 8334 | 9167 | Net Income(loss) | 424 | -995 | -1245 | 519 | 811...
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...working relation with NoBugs Corporation. NoBugs was responsible for the provision of high-quality standards of microchips to facilitate the creation of exquisite computers by Sterling, Inc. However, in a particular period NoBugs Corporation, as per the investigations, produces chips that were below the required specifications. The analysis carried out points to the cause of the explosion as the design defects of the machines that were aggravated by the imperfections caused by NoBugs microchips. The explosion leaves Sterling, Inc. in shambles. The misfortunes led to compensation for clients for the...
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...Case on- US Airways Cost Structure US Airways Corporation (formerly US Air) was formed with the merger of several diverse regional airlines including Allegheny Airlines, Mohawk Airlines, Lake Central Airlines, Pacific Southwest Airlines and Piedmont Airlines. The mergers that ultimately led to the establishment of US Airways did not come without difficulties. US Airways possesses a diverse fleet of aircraft, unlike the much more successful Southwest Airlines, which flies only one type of plane, the Boeing 737. US Airways’ diversity results in higher costs of maintenance and crew training and in a much more complex crew scheduling problem.Because of the traditionally week competition in its Northeast market stronghold, US Airways had the highest yield in the airline industry in 1993. The combination of high yields and very high costs per available seat mile invited competition. With the cloud of a potential bankruptcy hanging over it, US Airways looked for ways to control its costs in order to restore its financial health. Cost control is a difficult problem in any corporation. It is, however, especially difficult in a capital-intensive industry such as this. Case on- Rising Marginal Cost of 747s Boeing and Airbus provide all the wide-bodied jets the world needs. Boeing 747, 767 and 777s typically have a 60-70 percent share of the worldwide market, but Airbus accepted the majority of the new orders in 1994-1995 and doubled their output rate from 126 to 232 planes per year...
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...American InterContinental University FINA310-1301A-02: Professor Michael James Micro Chip Computer Corporation 1. To calculate the percentage growth, one must do the following: • Find the present year’s sales and the previous year’s sales. • Subtract the previous year’s sales from the present year’s sales. • Then, divide the answers by the previous year’s sales. • To turn it into a percentage, multiply the decimal by 100 (Brooks, 2010). With that being said, Net Sales for 2004 through 2008 are as follows: 2004: $11,062 2005: $11,933 (11933-11062)*100/11062=7.87% 2006: $9,181 (9189-11933)*100/11933= -23% 2007: $6141 (6141-9181)*100/9181= -33.11% 2008: $8,334 (8334-6141)*100/6141= 35.71% 2009: $9,167.40 (8334*.10) =833.4+8334=$9,167.40 2. The revenue that is expected for 2009 is $9,167.40. According to the annual percentage growth rate, it is not likely that the business will reach its sales prediction. For 2008, the business had a very large growth rate. This business had a small growth rate that was barely more than 2 % of the 10 % goal for 2005, and a somewhat strong negative growth for 2006 and 2007. The sales trend is pointing downwards. Following 2005, the average annual growth rate has been -3.15 % during the last 4 years. According to the financial data sheet, I do not feel that Micro Chip Computer Corporation will achieve a 10 % sales goal for 2009. 1. Current % of Sales 2008/2009 Prediction Sales $8,334-$10,000 Cost of Sales $5...
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...Intel Corporation (NASDAQ: INTC) is an American multinational semiconductor chip maker corporation headquartered in Santa Clara, California, United States and the world's largest and highest valued semiconductor chip maker, based on revenue. It is the inventor of the x86 series of microprocessors, the processors found in most personal computers. Intel Corporation, founded on July 18, 1968, is a portmanteau of IntegratedElectronics (the fact that "intel" is the term for intelligence information was also quite suitable). Intel also makes motherboard chipsets, network interface controllers andintegrated circuits, flash memory, graphic chips, embedded processors and other devices related to communications and computing. Founded by semiconductor pioneers Robert Noyce and Gordon Moore and widely associated with the executive leadership and vision of Andrew Grove, Intel combines advanced chip design capability with a leading-edge manufacturing capability. Though Intel was originally known primarily to engineers and technologists, its "Intel Inside" advertising campaign of the 1990s made it and its Pentiumprocessor household names. Intel was an early developer of SRAM and DRAM memory chips, and this represented the majority of its business until 1981. Although Intel created the world's first commercial microprocessor chip in 1971, it was not until the success of the personal computer (PC) that this became its primary business. During the 1990s, Intel invested heavily in new microprocessor...
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...is currently ranked second, right behind Intel, in microprocessor chip sales. The stock market for AMD has also been performing well over the past year until recently there was a stock split, which in part was due to our development of the Athlon processor. I have read articles in the PC Magazine as well as other microprocessor expert’s blogs that all recognized the Athlon chip as the fastest and far more superior chip in the market today. In 2010, revenue increases are due to higher sales of seventh generation microprocessors and sale of flash memory devices; furthermore, higher margins, lower R&D expenses, and the absence of $32 million in restructuring charges, which is from 2008, reflect the increase in net income. AMD vs. Intel When we launched the k6 to compete with the Pentium II Processor, it was not a successful mission, except for price. It was however the most economic micro-processing chip on the market at that point in time. The problem with the chip was that it did not follow the Intel format and it needed different motherboards in order for it to run properly. AMD was hurt at this time but we made a comeback with the release of the new K6-2 processor. The K6-2 Processor was faster, better, and cheaper. The processor ran on a 100 MHz bus, while Intel’s chips still ran on only a 66 MHz bus, this made AMD’s chip much faster. AMD product was also cheaper than any Intel based Pentium II computer. At this point AMD was introduced into the gaming community. This...
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...is currently ranked second, right behind Intel, in microprocessor chip sales. The stock market for AMD has also been performing well over the past year until recently there was a stock split, which in part was due to our development of the Athlon processor. I have read articles in the PC Magazine as well as other microprocessor expert’s blogs that all recognized the Athlon chip as the fastest and far more superior chip in the market today. In 2010, revenue increases are due to higher sales of seventh generation microprocessors and sale of flash memory devices; furthermore, higher margins, lower R&D expenses, and the absence of $32 million in restructuring charges, which is from 2008, reflect the increase in net income. AMD vs. Intel When we launched the k6 to compete with the Pentium II Processor, it was not a successful mission, except for price. It was however the most economic micro-processing chip on the market at that point in time. The problem with the chip was that it did not follow the Intel format and it needed different motherboards in order for it to run properly. AMD was hurt at this time but we made a comeback with the release of the new K6-2 processor. The K6-2 Processor was faster, better, and cheaper. The processor ran on a 100 MHz bus, while Intel’s chips still ran on only a 66 MHz bus, this made AMD’s chip much faster. AMD product was also cheaper than any Intel based Pentium II computer. At this point AMD was introduced into the gaming community. This...
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